Recent content by tightasadrum

Just buy lots of rental property. You won't be bored plus you'll have the benefit of additional income. As a bonus you'll meet lots of new people each time someone moves out.

Or you can keep your real estate rentals and let those who inherit them after you're gone deal with it. The tax basis resets, so there's no depreciation to recover. But the issue for all of us with investment property is dealing with it becomes more like w*rk as time goes by. One possibility...

I've been retired for several years now. There are still things that must be repaired, replaced, rented, planned, improved, weeded, cut, pruned etc. The problem for me is getting my b*tt motivated enough to get started. I come to believe it's because I do not enjoy working on something alone...

TIRA-to-Roth conversions may be the best reason I can think of to own lots of rental property.

Some bond funds have a penalty if you sell them inside of a certain number of months. I'm surprised it would last over eight months though. Just look up the funds or bonds you're invested in. It should say.

All good input. There are two things that I focused on, and still do: 1) healthcare costs , and 2) inflation. I will also add one big factor that I'm beginning to realize: age 55 is a much better place to be than age 65. I can tell a huge difference, and I'm in good shape. Would you rather give...

I recovered from w*rking in about 24 hours. It took over a year to get over the commuting stress. Sometimes I feel I'm still recovering. Who knew.

I do it all dam**t ! DW used to handle it all, except for IRA/401K etc. until she hit a healthcare problem. I got it all temporarily. I'm still waiting to give it back. That said, I prepare an annual letter to DW/heirs just in case or if there is a big change. File it and show her how to find...

It depends on how complicated things will be be after you/spouse die. With the new federal estate tax levels you would have to have quite an estate for that to be a problem. Of course state taxes vary considerably. My state is a non-issue. If you need a trust, I would recommend an estate...

Agee with the above as a landlord myself. Look for independent landlords also. Management companies are going to follow the scripts that management requires.

I allocated about 25% of investable assets to Fidelity PAS group. I thought I'd see if they could get a better return than me. In about ten years it's been about a tie. I do get a review twice a year when we discuss just about anything. Sometimes this is helpful for identifying specific funds...

This is almost the same situation I have. I've been moving money to Roth for the last several years. MRD's are a problem. But that's the plan for the tax people. I didn't think this through when I set up the T-IRA thing. But I keep moving money to the Roth. That's all I can do now.

I took out an annunity 2.5 years ago that has a 6% earnings rate. I have the option to get the contract value back after three years (6 months from now). I think it may have been a good buy. Don't know yet. It was a little less than 10% of my net worth. I can reclaim the contract value in...

I have way too much parked in cash now. And I watch the real value decrease every month. To be all in cash is too much risk. Too much in ANYTHING is risky. If/when inflation really takes off...never mind, it has already depending on what things you buy. I watched my dad put everything he had in...

Yep. I learned I was missing this boat when my pre-teen daughter asked us if we could take a family vacation. Whoops!